Virginia Administrative Code
Title 23 - TAXATION
Agency 10 - DEPARTMENT OF TAXATION
Chapter 500 - BUSINESS, PROFESSIONAL AND OCCUPATIONAL LICENSE TAX REGULATIONS
Section 23VAC10-500-60 - Gross receipts
Universal Citation: 3 VA Admin Code 10-500-60
Current through Register Vol. 41, No. 3, September 23, 2024
The definition of "gross receipts" is discussed in 23VAC10-500-10. Income that is not derived from the exercise of the privilege for which the taxpayer is licensed by the locality do not constitute gross receipts for purposes of BPOL taxation. Activities of a taxpayer that serve only the taxpayer's interest, and no other, do not give rise to gross receipts. Other exclusions and deductions from gross receipts are discussed in 23VAC10-500-70 through 23VAC10-500-90.
Statutory Authority
§ 58.1-3701 of the Code of Virginia.
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